Analysis

Nifty Projected to Reach 25,363 by Year-End, with Bullish Outlook on Select Stocks

Published February 25, 2024

As the markets continue to navigate through various economic conditions, investors are closely monitoring the Nifty projections. One prominent voice in this analytical space is that of Amnish Agarwal of Prabhudas Lilladher, who projects a robust outlook for the Nifty, foreseeing a potential rise to 25,363 points by December. This projection is shared amidst a broader climate of economic recovery and market resilience.

Overweight Sectors and Stock Picks

Agarwal's investment strategy underlines a clear preference for particular sectors. Banks, healthcare, and capital goods are among the areas where Agarwal remains overweight, signaling a strong confidence in their growth potential and stability. Within these sectors, he has identified seven stocks as particularly bullish opportunities for investors. Although the specific stock tickers are not mentioned in this article, such recommendations often serve as indicators for market players seeking promising investment avenues.

Underweight on Consumer Sector

Contrastingly, Agarwal's stance on the Consumer sector is underweight. This suggests a cautious approach towards investments in consumer goods and services, which may be attributed to various factors, including market saturation, slower growth prospects, or potential risks that outweigh the potential for returns in comparison to the favored sectors.

Nifty, Projection, Banks, Healthcare, CapitalGoods, Bullish, Investment, Consumer, Underweight